Ireland

BNRG is the founder member and current chair of the Irish Solar Energy Association, which has been working with the Irish government to design an appropriate support mechanism for solar. This is expected to be an auction mechanism, with the first auction expected to be run in early 2019. In anticipation of this, BNRG Neoen has built up a pipeline of 250 MW or projects. The first 50 MW have already received planning permission and are ready to participate in the first auction. BNRG Neoen is also developing an additional 90 MW of storage projects.

United States

BNRG entered the US market in 2016 and is currently constructing a 32 MW portfolio of ‘Qualifying Facility’ projects in Oregon with construction of the final project expected to be completed in 2Q19. These projects are being financed under a 15-year Sale and Leaseback facility under which BNRG retains an interest in the assets for the Sale and Leaseback period with the right to buy back the projects at the lease expiry. While BNRG is currently providing the development and construction equity for the Oregon portfolio, there is an opportunity for a partial equity sale in order to release capital for new opportunities. In Maine, BNRG is developing a portfolio of 105 MW of projects. An index-linked 20 year Power Purchase Agreement has been negotiated with the local utilities covering the entire portfolio, while the projects will also benefit from additional revenue in the form of New England Renewable Energy Certificates (‘RECs’) and capacity payments. The portfolio is expected to start construction in 2019. BNRG is currently exploring further opportunities in the US, including transmission-scale projects in Texas and Maine and an additional portfolio of 40 MW of ‘Qualifying Facility’ projects in Oregon.

United Kingdom

BNRG developed and constructed a portfolio of 85 MW of projects in England and Wales under the UK Feed in Tariff and Renewable Obligation Certificate (ROC) schemes between 2011 and 2016. During this time BNRG built up a strong network of relationships with landowners, planning authorities and District Network Operators and secured planning permission for a further 40 MW of projects. BNRG expects to re-commence project development in the UK in 2019 as ‘subsidy-free solar’ starts to become viable.

Bilsham Farm

  • Capacity: 15 MW
  • Value(USD): $28.1m
  • Connection: Sept 2014
  • Main Contractor: Engie Fabricom & BNRG
  • Main Components: Renesola, ABB, SADEF,
  • Funding: BNRG Langmead, Next Energy Capital, Macquarie
  • Bilsham Farm

    • Capacity: 15 MW
    • Value(USD): $28.1m
    • Connection: Sept 2014
    • Main Contractor: Engie Fabricom & BNRG
    • Main Components: Renesola, ABB, SADEF,
    • Funding: BNRG Langmead, Next Energy Capital, Macquarie

Australia

Due to its high levels of solar irradiation, its familiar regulatory environment, and the ability to import solar modules tariff-free, BNRG has identified Australia as a strategic market. Partnership agreements with co-development partners in New South Wales and Victoria are currently being negotiated. Initial focus is on projects in the 30-50 MW range that can be connected to the Distribution network. However, there are a number of larger 150 – 500 MW transmission-level project opportunities that could be progressed with a strategic funding partner. BNRG recently hired a business development manager for Australia and is expecting to open an office in late 2018.

Latin America

BNRG has identified a number of ready-to-build solar assets in Brazil, Argentina and Mexico and is in the process of raising finance to acquire and construct these projects. It is expected that the construction and operational phase will be financed through a fund-structure, with development funding being provided by BNRG and co-development partners.

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